Presidents get married to respectable women, have children and lead a low-key, non-controversial life. Or so we thought until Super Sarko aka Nicolas Sarkozy aka the French president burst on the scene. He divorced his second wife while in office, hooked up with Italian-French supermodel-turned-singer Carla Bruni couple of months later, and is now scandalising nations by travelling with her on official tours. But while Saudi Arabia firmly asked President Sarkozy, 52, not to bring his girlfriend along on his trip to the country, India said it is ready to treat Bruni, 40, as France`s first lady if she accompanies him on his state visit to India later in January.In pic: President Sarkozy and Bruni, accompanied by her son Aurelien, tour the ancient Nabatean city of Petra in Jordan.
Text: Surya Praphulla Kumar
Images: Getty
Good Old Saudi Arabia, one of the most sexually repressed nations in the world has issues about the president’s girlfriend but has no qualms about financially supporting terrorism and treating women like live cattle ?
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He wouldn’t be the first French political leader to get things right stylistically while floundering politically. French president Nicholas Sarkozy is taking a pounding in the polls, but when President Bling Bling, or Nicholas 1st as he is being called, bought his soon-to-be-wife Carla Bruni a pink diamond engagement ring he was right on track with a surging interest in coloured diamonds.
The ring Sarkozy gave Bruni is a heart-shaped pink diamond “Cupidon” ring by Dior fine jewellery designer Victoire de Castellane.
“Coloured, or fancy diamonds as they are properly called, are indeed the hot thing in gemstones,” says Duncan Parker, vice-president at Harold Weinstein Associates in Toronto, which provides grading for diamonds. “We’re probably seeing five to 10 times as many coloured diamonds coming through the lab as we may have seen five years ago.”
Last December at an auction in Sotheby’s Hong Kong, a 6.04-carat blue diamond sold at $1.2-million per carat for a total of $8-million, the highest amount paid per carat for a diamond at auction.
Diamonds are rare and coloured diamonds are very rare, “the top of the gem category” says Mr. Parker. “They can be pretty much any colour, but the most rare is red. You hardly ever see that. For the natural pinks, you might find one carat in a thousand. For a certain pinkish/purple, perhaps one in a million.”
After that, the most sought-after are the blues, pinks, purples, greens and yellows. Greys and browns have historically been considered the lesser of the coloured diamonds, but even brown diamonds have become trendy lately.
Most of the naturally pink diamonds come from the Argyle mine in Australia ( more on Argyle Mine here ), the blues from South Africa, while yellow diamonds are the most prevalent of fancy diamonds –anomalies that can pop up in any diamond mine, including the Ekali mine in the Northwest Territories. Still, they don’t make up even 1% of that mine’s output, according to industry sources.
Of course, jewellers prefer not to use the term “trendy” when referring to the pricey gems. But even hardened industry experts trace the current fashion for coloured diamonds back to the pink diamond engagement ring Jennifer Lopez wore in her “Bennifer” period.
Coloured diamonds might just be the pinnacle of sophistication — that extra dimension of colour in a beautiful stone adding one more thing to delight the senses. When you stop to think about it, the most legendary diamonds are the coloured diamonds. The famous blue Hope diamond from India now in the Smithsonian tops the list. Then there is the canary-yellow Tiffany diamond from South Africa, now a showpiece at the famous jeweller’s flagship store on Fifth Avenue in New York, and the Dresden Green from Brazil.
As with many things in the luxury world, the “mainstreaming” of a rare market is becoming a fact in the coloured diamond industry. While few of us will ever see a rare, naturally pink diamond in our lives, the diamond industry has a number of new treatment technologies to produce fancy diamonds in commercial quantities at a fraction of the cost. The dazzling gems that were once the exclusive domain of royalty, aristocrats and the very wealthy may not be within coming so for the merely rich.
The most popular methods of artificially producing coloured diamonds include coating colourless diamonds, boiling the gems in sulphuric acid and “bombarding” already slightly coloured diamonds to enhance their colour.
Coating involves applying a surface coating which can improve the colour of the stone by six or seven colour grades. While the idea of coating diamonds might smack of cheating, the established method is sometimes used with colourless diamonds to make them a more dazzling white.
Bombarding involves irradiation — radiation by controlled exposure to radioactivity. Though this sounds slightly scary, it is just mirroring the process that coloured diamonds went through in nature millions of years ago. Green diamonds, for example, owe their colour to exposure to radioactive materials such as uranium.
Irradiation has come a long way since the 1930s, when attempts to enhance the colour of diamonds with the procedure caused the jewels to become radioactive. “You had these priceless gems that glowed in the dark,” says Shelly Purdy, a Toronto designer of fine jewellery.
Even technologically enhanced diamonds are considered more valuable then other naturally coloured gemstones — they are still diamonds after all.
“Top to bottom, all things being equal, the most valuable diamonds are natural fancies, then colourless, then bombarded, then coated ones,” says Mr. Parker. “A bombarded diamond could be 20% less expensive then a naturally coloured one, and a coated diamond 60% less, which could still be more then a sapphire,” he adds.
Source: Karen Burshtein, Financial Post Published: Saturday, March 15, 2008
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The above story neglected to mention HPHT diamonds and cultured pink and blue diamonds.
North Australian Diamonds Ltd has teamed up with Top End Uranium Ltd. Don’t be surprised if a natural green diamond is unearthed in the near future. Green diamonds are coloured by uranium.
We have heard rumours that a green diamond kimberlite deposit has been well known now for quite a while but those in the know are not ready to market them until the pinks are nearly all gone.
We expect marketing and business strategies have to be considered.
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